Core Insights - The core viewpoint of the article is the significant growth forecast for the global sodium-ion battery industry, particularly in the production and shipment of cathode materials by 2025, as detailed in the "2026 Global Sodium Battery Industry White Paper" published by Qidian Research Institute SPIR [2]. Group 1: Industry Overview - By 2025, the global shipment of sodium-ion battery cathode materials is expected to reach approximately 20,000 tons, representing a year-on-year growth of 122.2% [2]. - Among the cathode materials, the shipment of polyanionic cathode materials is projected to exceed that of layered oxides, with an estimated shipment of 14,000 tons, marking a staggering year-on-year increase of 366.6%. In contrast, the shipment of layered oxide cathode materials is expected to be 5,000 tons, reflecting a year-on-year decline of 16.6% [2]. Group 2: Price Trends - The average price of layered oxide cathode materials in 2025 is forecasted to be 38,000 yuan per ton, which is a decrease of 26.3% compared to the previous year [3]. - The average price for polyanionic cathode materials is expected to be 28,000 yuan per ton, showing a decline of 22.2% year-on-year [3]. Group 3: Leading Companies - The top 10 companies in the global sodium-ion battery cathode materials shipment for 2025 include: 1. Qiana Energy 2. Rongbai Technology 3. Sodium Innovation Energy 4. Yingna New Energy 5. Wanrun New Energy 6. Sodium Science Energy 7. Dangseng Technology 8. Jiangsu Xiangying 9. Sodium Far New Materials 10. Jinguang Energy [7]. - The next tier, companies ranked 11-20, includes: 11. Ruiyang New Energy 12. Green Beauty 13. Zhenhua New Materials 14. Yangguang Technology 15. Tongxing Haosheng 16. Taihe Technology 17. Better Energy 18. Shengna Energy 19. Chaona New Energy 20. Xinna New Materials [7]. Group 4: Market Segmentation - The top 10 companies in the shipment of polyanionic cathode materials include: 1. Qiana Energy 2. Rongbai Technology 3. Yingna New Energy 4. Wanrun New Energy 5. Jinguang Energy 6. Sodium Science Energy 7. Sodium Far New Materials 8. Ruiyang New Energy 9. Tongxing Haosheng 10. Taihe Technology [9]. - The top 10 companies in the shipment of layered oxide cathode materials include: 1. Sodium Innovation Energy 2. Rongbai Technology 3. Dangseng Technology 4. Jiangsu Xiangying 5. Zhenhua New Materials 6. Sodium Science Energy 7. Green Beauty 8. Better Energy 9. Yangguang Technology 10. Changyuan Lithium Technology [9].

Core Insights - The core viewpoint of the article is the significant growth forecast for the global sodium-ion battery industry, particularly in the production and shipment of negative electrode materials, which are expected to reach 1.2 million tons by 2025, marking a 140% year-on-year increase, and potentially 1.419 million tons by 2030, with hard carbon electrodes comprising over 85% of this market [2]. Group 1: Industry Overview - The sodium-ion battery industry is characterized by its unique working principles and production processes, which differentiate it from other battery technologies [8]. - The advantages of sodium-ion batteries include cost-effectiveness and resource availability, while disadvantages may include lower energy density compared to lithium-ion batteries [8]. - The development history of sodium-ion batteries shows a growing interest and investment in this technology, supported by relevant policies [8]. Group 2: Market Data and Projections - The average price of sodium-ion negative electrode materials is projected to be 29,000 yuan per ton in 2025, reflecting a 24.1% decrease year-on-year, with expectations to drop further to 15,000 yuan per ton by 2030 [3]. - The top ten companies in the global sodium-ion negative electrode materials market by shipment volume in 2025 include Basige, Bettery, NaTech New Materials, and others, indicating a competitive landscape [6]. Group 3: Research Institution Profile - Qidian Research Institute (SPIR) specializes in the new energy and new materials industry chain, with over 15 years of research experience in the field, providing data reports and insights to leading global companies [9].

Core Viewpoint - Chuangneng New Energy is set to achieve a significant milestone in 2025, with a projected battery shipment volume exceeding 90 GWh, marking a 350% increase compared to 2024's shipment of over 20 GWh, positioning the company as a leader in the market [3][4]. Group 1: Energy Storage Business Growth - The company has secured over 100 GWh in new energy storage orders for 2025, contributing to a monthly shipment volume that surpassed 10 GWh in October [4][8]. - Key contracts include a strategic cooperation agreement with Telomay for 5 GWh of energy storage cells and a partnership with Immersa for 2.5 GWh of battery products [5][6]. - Domestic contracts include a 500 MWh project with China Power Construction and a 2920 MWh order from China Electrical Equipment Group [8]. Group 2: Expansion in Power Battery Market - Chuangneng's power battery shipments reached 4.8 GWh from January to November 2025, ranking 13th in the industry, with significant partnerships established with major manufacturers like Dongfeng and FAW [10][11]. - The company is also venturing into the heavy-duty electric truck market, providing high-capacity batteries for new models [12]. - A strategic alliance with Tianji Lithium Battery aims to expand into the small power battery market, targeting two-wheeled and three-wheeled electric vehicles [13]. Group 3: Production Capacity Expansion - Chuangneng has three production bases in Wuhan, Xiangyang, and Yichang, with a combined capacity of 110 GWh, all operating at full capacity [14][15]. - A new project in Yichang aims to add 80 GWh of capacity by 2026, while a 220 billion yuan investment in Xiangyang will establish additional production lines for energy storage and power batteries [15][16]. - The company has signed long-term procurement agreements with nine key suppliers to secure raw materials, ensuring a stable supply chain for future production [16][17].

（文章来源：证券日报） 证券日报网讯 1月8日，贝特瑞发布公告称，公司第二期股权激励计划第四个行权期条件已成就，304名 激励对象可合计行权不超过约1085.17万股，行权价16.45元/股，来源为公司定向发行新股，行权窗口自 2025年4月30日至2026年4月29日，董事会已审议通过并获股东大会授权。 ...

（文章来源：证券日报） 证券日报网讯 1月8日，贝特瑞发布公告称，公司聘任黄舒欣女士为公司董事会秘书。 ...

（文章来源：证券日报） 证券日报网讯 1月8日，贝特瑞发布公告称，公司第六届董事会第三十二次会议审议通过《关于调整第 二期股权激励计划行权价格的议案》等多项议案。 ...

（文章来源：证券日报） 证券日报网讯 1月8日，贝特瑞发布公告称，本公司张晓峰先生，因个人原因辞任，自2026年1月8日起 不再担任董事会秘书。 ...

Core Viewpoint - The company announced the cancellation of 2,435,626 stock options from its second equity incentive plan due to various reasons including employee departures, performance not meeting standards, and expiration of the exercise period [2] Group 1: Company Actions - The company's sixth board of directors held its thirty-second meeting and approved the cancellation of stock options for 47 incentive recipients [2] - The cancellation of stock options will not affect the company's financial status or the continued implementation of the incentive plan [2]

贝特瑞新材料集团股份有限公司 关于调整第二期股权激励计划行权价格的公告 证券代码：920185 证券简称：贝特瑞 公告编号：2026-002 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议审议及表决情况 贝特瑞新材料集团股份有限公司（以下简称"公司"）于 2026 年 1 月 8 日召 开第六届董事会第三十二次会议审议通过《关于调整第二期股权激励计划行权价 格的议案》。议案表决结果：同意 6 票，反对 0 票，弃权 0 票。董事贺雪琴、黄 友元和任建国 3 人系激励对象，涉及关联关系，回避表决。 二、第二期股权激励计划调整情况说明 （一）第二期股权激励计划概况 公司于 2021 年 4 月 6 日召开第五届董事会第三十一次会议审议通过《关于 制订<贝特瑞新材料集团股份有限公司第二期股权激励计划（草案）>的议案》， 并于 4 月 7 日披露了《贝特瑞新材料集团股份有限公司第二期股权激励计划（草 案）（更正后）》（公告编号：2021-052，以下简称"《激励计划》"），公司拟向激 励对象授予 2, ...

证券代码：920185 证券简称：贝特瑞 公告编号：2026-004 关于注销第二期股权激励计划部分股票期权的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 2026 年 1 月 8 日,贝特瑞新材料集团股份有限公司（以下简称"公司"）召开 第六届董事会第三十二次会议审议通过了《关于注销第二期股权激励计划部分股 票期权的议案》，根据《上市公司股权激励管理办法》《北京证券交易所上市公司 持续监管指引第 3 号—股权激励和员工持股计划》等法律法规、规范性文件和 《贝特瑞新材料集团股份有限公司第二期股权激励计划（草案）》（以下简称"《激 励计划》"）相关规定，公司拟注销本次股权激励计划部分激励对象已获授但尚 未行权或已过行权期的股票期权共 2,435,626 份。现将有关事项说明如下： 一、股权激励计划已履行的相关审批程序 1、2021 年 4 月 6 日，公司召开第五届董事会第三十一次会议，审议通过《关 于制订<贝特瑞新材料集团股份有限公司第二期股权激励计划（草案）>的议案》 《关于认定公司核心员工的 ...